Amkor Technology, Inc. (NASDAQ:AMKR) Short Interest Update

Amkor Technology, Inc. (NASDAQ:AMKR) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,110,000 shares, a decrease of 7.7% from the March 15th total of 3,370,000 shares. Based on an average daily volume of 919,600 shares, the short-interest ratio is currently 3.4 days. Currently, 2.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts have commented on AMKR shares. Fox Advisors started coverage on Amkor Technology in a report on Thursday, March 14th. They issued an “equal weight” rating on the stock. Needham & Company LLC started coverage on Amkor Technology in a report on Tuesday, April 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on Amkor Technology in a report on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Amkor Technology has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Amkor Technology Stock Performance

NASDAQ AMKR opened at $31.21 on Wednesday. The company has a market cap of $7.67 billion, a PE ratio of 21.38 and a beta of 1.96. The stock’s 50 day simple moving average is $31.71 and its 200-day simple moving average is $29.29. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $37.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a return on equity of 9.37% and a net margin of 5.53%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Amkor Technology will post 1.63 EPS for the current fiscal year.

Amkor Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a dividend of $0.079 per share. The ex-dividend date was Monday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%. Amkor Technology’s payout ratio is 21.23%.

Insider Activity

In other news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total value of $765,750.00. Following the transaction, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $30.63, for a total transaction of $765,750.00. Following the sale, the chief executive officer now directly owns 123,728 shares of the company’s stock, valued at $3,789,788.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Megan Faust sold 2,800 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $31.09, for a total value of $87,052.00. Following the sale, the chief financial officer now directly owns 53,023 shares in the company, valued at $1,648,485.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,200 shares of company stock valued at $1,801,870. Company insiders own 53.30% of the company’s stock.

Hedge Funds Weigh In On Amkor Technology

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Amkor Technology by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,860,585 shares of the semiconductor company’s stock valued at $494,421,000 after purchasing an additional 244,026 shares during the period. Vanguard Group Inc. raised its position in Amkor Technology by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 14,756,992 shares of the semiconductor company’s stock valued at $490,965,000 after purchasing an additional 959,838 shares during the period. BlackRock Inc. raised its position in Amkor Technology by 6.3% in the second quarter. BlackRock Inc. now owns 14,142,932 shares of the semiconductor company’s stock valued at $420,752,000 after purchasing an additional 835,069 shares during the period. Alliancebernstein L.P. raised its position in Amkor Technology by 1,757.9% in the second quarter. Alliancebernstein L.P. now owns 4,182,333 shares of the semiconductor company’s stock valued at $124,424,000 after purchasing an additional 3,957,221 shares during the period. Finally, State Street Corp raised its position in Amkor Technology by 2.8% in the first quarter. State Street Corp now owns 3,515,892 shares of the semiconductor company’s stock valued at $91,484,000 after purchasing an additional 95,883 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

Amkor Technology Company Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.